Live Update 
From the Liveblog of
Monday, February 28, 2022
From the Liveblog of
Monday, February 28, 2022
Stock prices drop as markets open for the first time since sanctions announced
Add ToI as a Preferred Source on GoogleAsian stock prices fall after Western nations moved to tighten sanctions against Russia.
US futures fell, with the contract for the S&P 500 down 2.5%, after the market dropped last week due to the Ukraine conflict.
The stock markets in Tokyo, Hong Kong and Shanghai declined while Sydney was higher.
Russia’s invasion of Ukraine has caused markets to swing wildly, given the potential impact on inflation, energy supplies and other areas. The Russian ruble has weakened sharply, falling by nearly 30% in offshore trading.
Japan joins moves by the US and Western nations to impose sanctions on Russia, including blocking some Russian banks from the SWIFT global payment system.
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